The Thames Valley District school board (TVDSB) Tuesday passed its new 2024-2025 budget last night. It included a $7.6 million budget deficit.
The board originally had a shortfall of $30 million, but trustees and staff managed to slash it down, in compliance with the Ministry of Education, over the course of a marathon meeting.
“I know we all know that that was a significant hurdle for staff, but they’ve used their expertise and understanding of our educational priorities and our financial realities to make changes to the budget,” said board chair Beth Mai.
“They’ve used their expertise and understanding of our educational priorities and our financial realities to make changes to the budget. Through that careful planning, they have successfully reduced the initial budget deficit.”